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? they were in trouble with reagan but she wasn't handed the money and he came out on top. ford managed to stay on top. why didn't we bailout chrysler and gm? this is what i do not understand. and the gentleman that you showed a picture of, i think feinberg or something, the gentleman that was making -- he wasn't the secretary-treasurer but he was in the treasury department. isn't he the same one that had the funds that were supposed to go to the victims of 9/11 and they never got paid but it went to all of these other various programs like all these other things? >> guest: there were a lot of questions there. let me see if i can address -- i think you raised this earlier, who is responsible and how does this stop and i think for our report that is one of the critical pieces here. first, the companies have got to stop demanding excessive pay. if you bailout you have to stop pressing against the pay limits and have to have an appreciation for the situation that you are in and the fact that you are bailed out by people who don't have extras right now who are on tight budgets and that hasn
. currently serving as the vice president ford immigration voice, a coalition of 75,000 highly skilled foreign professionals. he also serves as the director for a biotechnology firm in san francisco california. he join them as a clinical research medical director and he has been a volunteer since 2006 and leads the physicians chapter as well as the minnesota and southern california chapters. doctor puneet s. arora received his doctorate in 1994. he completed his internal residency in medicine in 1999, and he received a fellowship training in endocrinology, diabetes, and metabolism at the new york university school of medicine. he practices in a medically underserved area and was granted a national interest waiver for permanent residence in the united states by the united states. we thank the doctor for serving as a witness today. our final witness is julian castro, mayor of san antonio, texas. first elected in 2009 and reelected in 2011, he earned his undergraduate degree and 10-degree with honors in 1996. he is a doctor from harvard law school at the age of 26. he became the youngest elected
in the 70s, 1976, the treasury put out a tax reform proposal at the end of the ford administration. there were two model income taxes and a consumption tax, but the author of the study, who was the deputy assistant secretary then, david bradford, was basically pushing the consumption tax idea, and this book blue prints for basic tax reform, was a very influential book, and the proposal got a lot of attention, and that was basically an individual tax. it would all be collected at the individual level with a deduction for savings. by the way, in case you think only economists favored that, a big infliens on that was a harvard professor in favor of the income tax. this resummaried later in a proposal by senators in the 1990s called the usa tax, universal savings accounts, which my colleague helped to design that. i second idea that was very popular with the so-called flat tax that was a book originally published in 197 # 2 coming from "capitalism and freedom," a chapter on the ideal income tax, and the ideal income tax he describes is actually the flat tax, which is consumption tax. t
of it is based on very low mortgage rates that helped to drive a ford built in the market place. i'll talk a bit about that. secondly, i will talk about some of the trends we've seen. house prices in natural indices are up five to 6% over the last year. i think we'll see another three to 4% increase in national house pricing in 2013. finally, i will share some thoughts on what we see for the mortgage market in 2013. let's first start with housing demand. as i mentioned we seeing a pickup in sales and new construction activity. i think in part this is driven by the high degree of affordability we see in the marketplace. and a very simple but straightforward metric of this is the national association of realtors affordability index. ipod that you on this target we intend to make it out. to hide the affordability index, these it is for typical come to afford to buy a home. the national association of realtors when they produced their a portable index the incorporate three key ingredients that drive affordability for the prospective home buyer. those three ingredient our mortgage rates, house prices
Search Results 0 to 3 of about 4